BU231 Chapter Notes - Chapter 9: Disclose, Oral Contract, Miscarriage
Document Summary
Good to keep record of even simple transactions. Human memories are not as reliable as written documents. Rely more on written document than human memory. Oral hard to determine exact message sent in that very moment while written document will display that. Written document will tell judge the decided terms. Some contracts it is mandatory due to the levels of risk. Before just wrote on paper now more technology based. Subject matter determines type of written document. Written requirements three common types of legislation: the statute of frauds, sales of goods act, consumer protection legislation: First piece of legislation to impose writing requirements. Focus on common type of transactions purchases. Make some contracts unenforceable unless its written. Even if its writing doesn"t mean it is binding. This is just one of the requirements needs to follow all requirements of a contract. The types of contract affected by the statute of frauds:
